D-Mart’s numbers impressive; Cement, too, looks attractive
But in the broad market, I do not think analysts have great expectations for this quarter.
Jagannadham Thunuguntla Centrum Broking
D-Mart has a good set of numbers and also new store opening shows that the company is on an expansion spree. All that makes a lot of sense. In this slow environment if somebody can post that kind of numbers and the store expansion is a lot of heart to take from. In cement, UltraTech has been doing good and even Grasim has been showing a good performance. Overall, cement is appearing as a bet on the hope of revival in both housing as well as the government infrastructure projects. Analysts and markets are of the opinion that earnings for the June quarter will be a wash out. Best part is nobody is entering this earning season with anticipation or expectation. Cement and BFSI can surprise positively and IT can be a decent play because of the way things are stacking up. But in the broad market, I do not think analysts have great expectations for this quarter.
D-Mart has a good set of numbers and also new store opening shows that the company is on an expansion spree. All that makes a lot of sense. In this slow environment if somebody can post that kind of numbers and the store expansion is a lot of heart to take from. In cement, UltraTech has been doing good and even Grasim has been showing a good performance. Overall, cement is appearing as a bet on the hope of revival in both housing as well as the government infrastructure projects. Analysts and markets are of the opinion that earnings for the June quarter will be a wash out. Best part is nobody is entering this earning season with anticipation or expectation. Cement and BFSI can surprise positively and IT can be a decent play because of the way things are stacking up. But in the broad market, I do not think analysts have great expectations for this quarter.